389 Fairview Avenue N, Saint Paul, MN 55104
- Added:
- Mar 30, 2026
- Days on Market:
- 100
- Last Refresh:
- Jul 7 at 10:06 pm
Property Features for 389 Fairview Avenue N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Basement
- Parking features
- Garage - Detached
- Exterior features
- Vinyl
- Fencing
- Chain Link
- Standard status
- Pending
- APN
- 332923310050
- Size
- 2,007 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6483
Utilities
- Heating system
- Oil
Building Details
- Year built
- 1903
Listing agent Cheryllyne Vaz - 612-564-5605 (651) 379-5252
Listing office Keller Williams Premier Realty 635 Bielenberg Dr Ste 100, Woodbury, MN (651) 379-5252
Listing date Mar 30, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Classic updated 2‑story duplex built in 1903 in Saint Paul’s Merriam Park/Lexington‑Hamline area
- New roof in 2021 and updated siding
- Mini‑split A/C in the lower unit
- Detached 2‑car garage with ample storage, plus fully fenced back yard with patio
- Clean basement with separated electrical, and a 2‑year‑old washer included
- Huge 3‑season porch and shared classic 1903 staircase at the entryway to both units
Overview
The property includes a fully fenced back yard with a patio and an excellent 2-car garage with ample storage. Public remarks also note good walkability to shopping and transit.
This duplex can be a practical fit for buyers seeking an owner-occupied setup or a residential income property with two similar floor plans, updated baths, and recent exterior improvements. The 2021 roof and updated siding, along with the mini-split cooling in the lower unit and separated electrical, support day-to-day functionality for both units.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.6k | $22.20 |
| − Vacancy | −$2.7k | −$1.33 |
| EGI | $41.9k | $20.87 |
| − OpEx | −$12.6k | −$6.26 |
| NOI | $29.3k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.177609
- Latitude
- 44.95311
